PT Culina Global Utama announced a private placement of common shares for gross proceeds of IDR 90,000,000 on June 26, 2020. The transaction included participation from returning investor PT Bukit Uluwatu Villa Tbk (IDX:BUVA) and shareholders of the company. The registered capital of the company has increased from IDR 15,430,000,000 to IDR 15,520,000,000.